Adani Ports gets nod to build dry bulk terminal at Kandla

MUMBAI: The Adani Group said it has got the nod to build a dry bulk terminal at the Kandla port, the country's largest port by volumes.

Adani Ports and Special Economic Zone (APSEZ), the port operating arm of the group, has received a letter of intent from the Kandla Port Trust to set up the terminal having a capacity of 20 million tonnes on build, operate and transfer basis after the company emerged as the highest bidder on a revenue share basis, a statement released here said.

The terminal will come up at Tekra near Tuna outside the Kandla Creek and the company would invest Rs 1200 crore on it. Construction will commence after signing of the concession agreement with Kandla Port Trust and the facility is expected to be commissioned by 2014, it added.

"The strategic location of Kandla Port will be an important factor in attracting cargo from the north-west hinterland and assist Adani Ports to register cargo handling volumes of 200 million tonne by 2020," APSEZ Wholetime Director Rajeev Sinha was quoted as saying in the statement.